Why does Apple have debt?
Apple isn't just borrowing to benefit from inflation. They're strategically deploying this capital in areas that yield higher returns. One such area is stock buybacks. Over the past decade, Apple has reduced its outstanding shares from 26 billion to 16 billion, effectively boosting its stock price.
Apple has a strong current ratio, which evaluates its current assets in relation to its current liabilities, of 1.07. Apple's debt-to-equity ratio has been increasing over the past five years as it takes on more debt to finance share buybacks, increase dividends, and grow.
Leverage. Due to the zero interest rate policy (ZIRP) environment, Apple began issuing its first bonds and notes in 2013, underwriting a total of $64.46 billion worth of debt. Apple made this move not because it needed the capital but because it was essentially receiving free money.
Apple has a low net debt to EBITDA ratio of only 0.39. And its EBIT covers its interest expense a whopping 625 times over. So you could argue it is no more threatened by its debt than an elephant is by a mouse.
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year.
Analysis. Apple's total debt for fiscal years ending September 2019 to 2023 averaged 124.7 billion. Apple's operated at median total debt of 123.9 billion from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Apple's total debt peaked in September 2021 at 136.5 billion.
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
Apple net long-term debt for the twelve months ending December 31, 2023 was $-15.497B, a 3.02% decline year-over-year. Apple annual net long-term debt for 2023 was $-5.923B, a 45.24% increase from 2022. Apple annual net long-term debt for 2022 was $-4.078B, a 135.03% decline from 2021.
You can either spend it on something of equal or greater value and use a credit card to cover the exceeding cost, or contact Apple Support and have them remove the balance. If you have less store credit than the cost of a single item, contact Apple Support.
Apple free cash flow for the twelve months ending December 31, 2023 was , a year-over-year. Apple annual free cash flow for 2023 was $99.584B, a 10.64% decline from 2022. Apple annual free cash flow for 2022 was $111.443B, a 19.89% increase from 2021.
Does Google have debt?
Total debt on the balance sheet as of December 2023 : $28.50 B. According to Alphabet (Google)'s latest financial reports the company's total debt is $28.50 B. A company's total debt is the sum of all current and non-current debts.
Cash on Hand as of December 2023 : $73.10 B
According to Apple's latest financial reports the company has $73.10 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Global markets for the Company's products and services are highly competitive and subject to rapid technological change, and the Company may be unable to compete effectively in these markets.
Still, the company has seen $164 billion in market value erased so far this year, according to data compiled by Bloomberg. While the stock has suffered bigger percentage declines in the first week of January, the losses are the biggest market value destruction at the start of any year on record.
Total debt on the balance sheet as of December 2023 : $135.61 B. According to Amazon's latest financial reports the company's total debt is $135.61 B. A company's total debt is the sum of all current and non-current debts.
The devices were announced on September 12, 2023, during the Apple Event at Apple Park in Cupertino, California alongside the higher-priced iPhone 15 Pro and 15 Pro Max. Pre-orders began on September 15, 2023, and the devices were made available on September 22, 2023.
The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 49.26% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 50.63% is owned by Public Companies and Individual Investors.
If you had invested $1,000 in Apple stock on Feb. 4, 1997, today, you would have $1,343,269. Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $11,038. A similar $1,000 investment in an index fund that replicates the S&P 500 would be worth $6,140.
McDonald's long term debt for 2022 was $35.904B, a 0.79% increase from 2021. McDonald's long term debt for 2021 was $35.623B, a 1.21% increase from 2020.
Once you owe ITunes, your IPhone, Pad, Watch, etc. and even some of your apps and saved games/content are basically held hostage. Because not only can you make NO downloads from ITunes at all (Not even Free ones), but you cannot update anything you currently have in the ITunes Store.
Is it smart to be debt-free?
Being debt-free is a financial milestone we often hear about people striving for. Without debt, you can focus on building more savings, investing those extra funds and just simply having more peace of mind about your finances.
Total debt on the balance sheet as of December 2023 : $151.10 B. According to Ford's latest financial reports the company's total debt is $151.10 B. A company's total debt is the sum of all current and non-current debts.
Total debt on the balance sheet as of December 2023 : $14.54 B. According to Netflix's latest financial reports the company's total debt is $14.54 B. A company's total debt is the sum of all current and non-current debts.
The company has split up the pay tiers into three regions based on the cost of living in each area, with Tesla's factories in Austin, Texas, and Sparks, Nevada, receiving the lowest pay, and the company's sites in Fremont and Palo Alto, California, receiving the highest pay.
Total debt on the balance sheet as of December 2023 : $47.69 B. According to Walt Disney's latest financial reports the company's total debt is $47.69 B. A company's total debt is the sum of all current and non-current debts.
